Debt Consolidation Loans for Homeowners | Loansmart Finance

Debt Consolidation Loans

Combine all of your outstanding unsecured debts into one simple monthly payment. Keep your debts from spiralling and take back control of your finances.

Credit cards, store cards, overdrafts, personal loans… expensive debts build up all too easily. With different interest rates and repayment periods for each one, a missed payment could really make a mess.

We’ll help you take back control of your finances the smart way – the Loansmart way. We find the perfect financial solution for you to consolidate your debt into one payment – making your finances more manageable and more affordable each month.

I would just like to say a massive thank you to you and your team for all your hard work you did for me you are a star thank you so much for consolidating everything into my new mortgage which has took a massive weight off my shoulders, thanks thanks thanks!

Mr W

Jargon Buster

APR

The Annual Percentage Rate charged for the loan. This must be displayed by lenders and allows you to compare one mortgage with another.

ERCs

Early Repayment Charges. These are penalty fees you may have to pay if you want to leave your loan early when you are tied into a fixed period.

Variable rate mortgage

The interest rate on your mortgage can go up or down according to your lender’s standard variable rate.

Arrangement fee

This is paid to the lender to set up the loan. Not all lenders charge an arrangement fee. If they do, they will usually allow you to add this fee to the loan.

Request a callback today

If you are a first-time buyer or do not currently have a mortgage please call us directly on 0800 802 1003

When Should We Call?

By submitting your enquiry you agree to our privacy policy and that you are happy to be contacted via telephone, email or SMS to help you with your enquiry.

Loan to Value (LTV)

Loan to Value (LTV) is value of your loan against the value of the property. If you buy a £100,000 house and want to borrow £80,000 to top up a £20,000 deposit, then you’ll be asking the lender to borrow 80% of the property value. This makes your LTV 80%.

Portability

A portable mortgage allows you to transfer your borrowing from one property to another if you move, without paying arrangement fees or ERCs.

Tracker rate mortgage

This tracks the Bank of England’s base rate. If the base rate is 2% but then rises to 3%, a tracker rate mortgage at 4% will rise to 5%.

Interest only mortgage

A mortgage where you only pay the interest on the loan. At the end of the loan period, you would be required to pay off the loan capital. If you agree to an interest-only loan it is important to ensure you have something in place that will allow you to pay the loan back at the end of the interest only term.

Bank of England Base Rate

This is the UK’s official rate of interest. An increase in Bank of England Base Rate makes borrowing more expensive and saving more rewarding. A decrease in Bank Rate makes borrowing cheaper and saving less rewarding.

Fixed rate mortgage

The interest rate you pay on the loan. It will be fixed for the period specified by the lender and protect you from any interest rate increases the lender may make in the future during that period. However, it also prevents you from benefitting if the lender reduces the interest rate in the future until your fixed deal ends. To exit the fixed deal early, you may need to pay an ERC.

Fast, simple and easy – that's Loansmart

We’re a broker, so we can compare the best deals to find the perfect debt consolidation loan for you – no fuss. As a Loansmart customer, you’ll get your own dedicated advisor providing you expert advice from start to finish.

Wider choice. We’re not limited to our own products like a bank. We’ll find a solution for you from our lender panel.

No upfront fees. We’ll give you a free no-obligation quote that won’t show up on your credit report so your credit report stays intact

 Flexible terms. Even if you have been rejected by a high street lender, we may still be able to find a solution that works for you

Important Information:

  • Taking out a loan secured on your home could mean that if you miss payments your home could be at risk of repossession.
  • Don’t consolidate your debt then be tempted to take out further short-term credit, use the debt consolidation loan to get back on your feet and take back control of your finances.

© 2019 Copyright Niche Financial, All rights reserved
Registered in England No. OC349588

Niche Financial Solutions LLP
1st Floor | 3 Newbridge Square | Swindon | SN1 1HN

 t: +44 (0)800 802 1003 | t: +44 (0)1793 250 787| e: [email protected]

Loansmart is a trading name of Niche Financial Solutions LLP.
Niche Financial Solutions LLP is authorised and regulated by the Financial Conduct Authority, (FCA) 708467. We will search our panel of lenders to find the right loan for you. The overall cost for comparison is 10.69% APRC.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. (IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY).

Rates are available from 3.9% APR, variable up to 34.9% APR allowing us to assist clients with more severe credit problems. Depending on your circumstances we will charge a broker fee of up to 1% of the advance for a first charge mortgage, and up to 10% of the advance for a second charge mortgage with a minimum fee of £1,495. Currently our average fees are £1,424 for a first charge mortgage (0.8%) and £2,852 for a second charge mortgage (5.8%). We also charge an advice fee of £497. All fees will be fully disclosed at application stage and fully disclosed on your contracts. We may also receive a commission from the lender on completion and this will also be fully disclosed. (Rates and fees correct as of August 2019). Niche Financial Solutions LLP, Registered in England and Wales. Company Registration Number OC349588. Registered office: 1st Floor, 3 Newbridge Square, Swindon, SN1 1HN

Debt Consolidation Loans

Combine all of your outstanding unsecured debts into one simple monthly payment. Keep your debts from spiralling and take back control of your finances.

Credit cards, store cards, overdrafts, personal loans… expensive debts build up all too easily. With different interest rates and repayment periods for each one, a missed payment could really make a mess.

We’ll help you take back control of your finances the smart way – the Loansmart way. We find the perfect financial solution for you to consolidate your debt into one payment – making your finances more manageable and more affordable each month.

I would just like to say a massive thank you to you and your team for all your hard work you did for me you are a star thank you so much for consolidating everything into my new mortgage which has took a massive weight off my shoulders, thanks thanks thanks!

Mr W

Jargon Buster

APR

The Annual Percentage Rate charged for the loan. This must be displayed by lenders and allows you to compare one mortgage with another.

ERCs

Early Repayment Charges. These are penalty fees you may have to pay if you want to leave your loan early when you are tied into a fixed period.

Variable rate mortgage

The interest rate on your mortgage can go up or down according to your lender’s standard variable rate.

Arrangement fee

The Annual Percentage Rate charged for the loan. This must be displayed by lenders and allows you to compare one mortgage with another.

Loan to Value (LTV)

Loan to Value (LTV) is value of your loan against the value of the property. If you buy a £100,000 house and want to borrow £80,000 to top up a £20,000 deposit, then you’ll be asking the lender to borrow 80% of the property value. This makes your LTV 80%.

Portability

A portable mortgage allows you to transfer your borrowing from one property to another if you move, without paying arrangement fees or ERCs.

Tracker rate mortgage

This tracks the Bank of England’s base rate. If the base rate is 2% but then rises to 3%, a tracker rate mortgage at 4% will rise to 5%.

Interest only mortgage

A mortgage where you only pay the interest on the loan. At the end of the loan period, you would be required to pay off the loan capital. If you agree to an interest-only loan it is important to ensure you have something in place that will allow you to pay the loan back at the end of the interest only term.

Bank of England Base Rate

This is the UK’s official rate of interest. An increase in Bank of England Base Rate makes borrowing more expensive and saving more rewarding. A decrease in Bank Rate makes borrowing cheaper and saving less rewarding.

Fixed rate mortgage

The interest rate you pay on the loan. It will be fixed for the period specified by the lender and protect you from any interest rate increases the lender may make in the future during that period. However, it also prevents you from benefitting if the lender reduces the interest rate in the future until your fixed deal ends. To exit the fixed deal early, you may need to pay an ERC.

Fast, simple and easy – that’s Loansmart.

We’re a broker, so we can compare the best deals to find the perfect debt consolidation loan for you – no fuss. As a Loansmart customer, you’ll get your own dedicated advisor providing you expert advice from start to finish.

Wider choice. We’re not limited to our own products like a bank. We’ll find a solution for you from our lender panel.

No upfront fees. We’ll give you a free no-obligation quote that won’t show up on your credit report so your credit report stays intact

Flexible terms. Even if you have been rejected by a high street lender, we may still be able to find a solution that works for you

Important Information:

  • Taking out a loan secured on your home could mean that if you miss payments your home could be at risk of repossession.
  • Don’t consolidate your debt then be tempted to take out further short-term credit, use the debt consolidation loan to get back on your feet and take back control of your finances.

Request a callback today

If you are a first-time buyer or do not currently have a mortgage please call us directly on 0800 802 1003

When Should We Call?

By submitting your enquiry you agree to the terms and conditions and privacy policy and by clicking 'call me back' you are confirming that you are happy to be contacted via telephone, email or SMS to help you with your enquiry. Please contact us at [email protected] if you have any questions regarding this.

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© 2018 Copyright Niche Financial, All rights reserved

Registered in England No. OC349588

Important Information: 

Loansmart is a trading name of Niche Financial Solutions LLP.
Niche Financial Solutions LLP is authorised and regulated by the Financial Conduct Authority (FCA No. 708467).

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY. THE ACTUAL RATE AVAILABLE WILL DEPEND ON YOUR CIRCUMSTANCES.

Depending on your circumstances we will charge a broker fee of up to 1% of the advance for a first charge mortgage and up to 10% of the advance for a second charge mortgage. Currently our average fees are £1495 for a first charge mortgage (0.8%) and £2994 for a second charge mortgage (5.5%). We also charge an administration fee of £497. We may also receive a commission from the lender on completion and this will also be fully disclosed.
Secured Loan rates are available from 3.74% APR variable. We also have rates up to 34.9% APR allowing us to assist clients with more severe credit problems. We will search our panel of lenders to find the right loan for you.
For secured loans the overall cost for comparison is 10.69% APRC. For Mortgages the overall cost for comparison is 4.6% APRC.
(rates and fees correct as of September 2018)

Niche Financial Solutions LLP, Registered in England and Wales. Company Registration Number OC349588. Registered office: Marlborough House, 26 High Street, Swindon, SN1 3EP.

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